CERTIFICATE of DEPOSIT AGREEMENT Truth-In-Savings Disclosure

CERTIFICATE OF DEPOSIT AGREEMENT Truth-in-Savings Disclosure

*The interest rate and annual percentage yield for your account are indicated on the front of this document. You will be paid this rate until the maturity date of the certificate. The annual percentage yield assumes interest remains on the deposit until maturity. A withdrawal will reduce earnings. The interest rate on your account may be adjusted upon renewal. Interest begins to accrue on the business day you deposit non-cash items (e.g., checks). We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. *The minimum amount required to open a certificate of deposit is $500. *If this account will automatically renew upon maturity, you will have a grace period of ten (10) calendar days from the maturity date to withdraw funds without penalty. Interest will be paid on funds withdrawn during this ten (10) day period only if the amount withdrawn is deposited in another certificate of deposit at this bank. If the amount withdrawn is deposited into another time certificate at this bank within the ten (10) day period, interest will be paid during the ten (10) day period at the rate applicable to the new certificate. The bank may, upon not less than 30 days written notice, elect to call this certificate for payment on a maturity date. *This certificate is an agreement to keep funds on deposit with the bank until the current maturity. Except as required by law, withdrawal prior to maturity will be permitted only with the consent of the bank which may only be given at the time of withdrawal. *A penalty will be imposed if you withdraw any of the deposited funds before the maturity date. Applicable penalties and fees will be determined based on the term of the certificate at the time of withdrawal. The following are the fees/penalties charged for early withdrawals/redemptions by the original term of CD. If your account has a term of six months or less, the penalty will be greater of A or B, plus a $25 early withdrawal fee. A. All interest that would have been earned on the funds withdrawn if held for the entire term. B. 1% of the amount withdrawn. If your account has a term of greater than six months through 12 months, the penalty will be the greater of A or B, plus a $25 early withdrawal fee. A. One-half of the interest that would have been earned on the funds withdrawn if held for the entire term. B. 1% of the amount withdrawn. If your account has a term greater than one year, the penalty will be greater of either A or B, plus a $25 early withdrawal fee. A. One-half of the interest that would have been earned on the funds withdrawn if held for the entire term. B. 3% of the amount withdrawn. *For CDs which have a step-up or trade-up feature with the potential for more than one assigned rate during the CD term, the early withdrawal penalty will be assessed based on the rate assigned at the time of the withdrawal according to the guidelines listed above. *The penalty may be waived in the case of death or judicially declared legal incompetence of any owner of the certificate. The penalty may also be waived on Individual Retirement Account certificates in the case of permanent disability of the owner or for normal or required distribution of retirement funds at age 70 1/2 or beyond. *You may not make deposits into your account until the maturity date. You may make partial withdrawals from your account prior to maturity; however, except as prohibited by law, we will impose the early withdrawal penalty on the amount withdrawn. The minimum withdrawal amount is $500. If a withdrawal is made, your remaining balance must meet minimum opening balance requirements. *If upon renewal you request a change in term length or deposit amount, you will receive a CD Addendum. If additional changes are made requiring us to issue you a new account number, you will receive a new CD Agreement and Receipt reflecting these changes. No response from you means that you accept these changes. If we issue a new account number in this circumstance, we will not honor the old account number for payment. *The deposit is not transferable. This certificate may not be paid to any person other than the named depositor(s) or their designated beneficiary(s). Any person requesting payment of this certificate will be required to establish their identity to the satisfaction of the bank. *Any pledge on this account (to which U.S. Bank has agreed), must first be satisfied before the rights of any joint account survivor or trust account beneficiary become effective. For example, if one joint tenant pledges the account for payment of a debt and then dies, the surviving joint tenant’s rights to this account are subject first to the payment of the debt. *Please review the Your Deposit Account Agreement and the Consumer Pricing Information brochure for additional information applicable to Certificates of Deposit.